1.

At what rate percent perannum simple interest will a sum double itself in 10 years?(a) 8% (b) 10%(c) 12% (d) `12 1/2%`

Answer» let principal amoun be P.
Amount=P+simple interest
Amount=2P
simple interest=P
simple interest= `(P xx R xx T)/100=P`
T=10 yrs
so R=Rate =10%


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